Soda ash prices rise

2024-06-19 10:04:43

Recently, the price of domestic Soda Ash has continued to rise, resulting in the price of related chemical Products has also risen. Among them, the price increase of sodium nitrate and Sodium Nitrite is the most obvious.

According to industry insiders, sodium nitrate and sodium nitrite are chemical products produced with soda ash as raw materials. Due to the rise in the price of soda ash, the production cost of these two products has increased, and enterprises have to increase the price to maintain profits.

In addition, due to the wide range of applications of sodium nitrate and sodium nitrite, including medicine, food additives, printing and dyeing industries, the demand is large, but the production capacity is relatively limited, which also led to the rise in prices.

For the price surge, some companies said that the pressure is huge. On the one hand, the increase of raw material cost makes the profit margin of enterprises compressed; On the other hand, due to rising prices, the demand for these two products from downstream enterprises has also declined, and enterprises are facing sales pressure.

In this regard, the relevant government departments have taken measures. On the one hand, we will strengthen market supervision and crack down on hoarding and malicious speculation. On the other hand, enterprises are encouraged to increase production capacity and expand supply to ease the contradiction between supply and demand.

Experts said that the future price trend of sodium nitrate and sodium nitrite also needs to pay attention to changes in Soda Ash Prices and changes in downstream market demand. Enterprises need to pay close attention to market dynamics and take appropriate measures to reduce business risks.